Skyworks Exceeds Q1 FY17 Financial Projections

Skyworks Solutions has reported their first fiscal quarter results for the period ending December 30, 2016. Revenue for the first fiscal quarter was up 9.4 percent totaling $914.3 million. This exceeded their estimates of $902.7 million.

On a GAAP basis, operating income for the first fiscal quarter of 2017 was $321.9 million with diluted earnings per share of $1.38. On a non-GAAP basis, operating income was $354.3 million with record non-GAAP diluted earnings per share of $1.61, $0.03 better than the Company's guidance and consensus estimates. Cash flow from operations for the quarter was also a record $495.9 million.

Business Highlights for the First Fiscal Quarter

  • Secured SkyOne, custom diversity receive system and high band PAD wins across tier-one OEMs
  • Leveraged SkyBlue™ enabling technology for Huawei's Mate9 smartphones
  • Enabled Wi-Fi mesh solutions at Linksys and Ubiquiti Networks
  • Delivered low noise amplifiers to leading networking OEMs for MIMO architectures
  • Shipped front-end modules for Comcast's DOCSIS 3.1 broadband gateways
  • Expanded LTE content across Oppo, Vivo, Meizu and Xiaomi platforms
  • Powered telematics modems for U.S. electric auto manufacturer
  • Captured sockets across leading drone customers
  • Supported Amazon's Alexa, Google Home and Microsoft's Cortana virtual assistants
  • Designed into Alps' vehicle-to-vehicle intelligent transportation system
  • Deployed automotive solutions with Samsung for remote diagnostic applications
  • Launched ZigBee modules for remote temperature monitoring devices
  • Ramped multiple solutions enabling NetGear's home security cameras